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| Section | Objectives |
|---|---|
| Accounting and Close Processes | - Financial reporting
|
| Security and Integration | - Role-based access control
|
| Journal Processing | - Journal approvals and posting
|
| Advanced Financials Features | - Intercompany accounting
|
| General Ledger Configuration | - Accounting configuration
|
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NEW QUESTION # 81
Which two are predefined roles in General Ledger?
Answer: B,D
NEW QUESTION # 82
What describes a legal jurisdiction?
Answer: B
Explanation:
A legal jurisdiction is the territory or area where specific legislation applies. In Oracle Enterprise Structures, jurisdictions are defined so that legal entities, registrations, tax rules, and statutory reporting requirements can be associated with the correct legal framework. A jurisdiction can apply to a broad territory, such as a group of countries, or to a single country, state, county, or parish. Option B describes a legal authority, which is the body that has the power to make laws and levy or collect taxes.
Option C describes a legal entity, which is a recognized party with legal rights and responsibilities.
Therefore, the correct description of legal jurisdiction is the legislation-applicable territory. Oracle documentation defines jurisdictions as physical territories where legislation applies.
NEW QUESTION # 83
Which three factors should you consider while specifying Intercompany System options?
Answer: A,B,C
Explanation:
Intercompany System options are used to set up intercompany processing rules at the enterprise level, based on your specific business needs. They help you standardize and simplify transaction processing, minimize disputes, and reduce administrative costs. The three factors that you should consider while specifying Intercompany System options are:
Automatic or manual batch numbering and the minimum transaction amount: These options help you control the numbering and the size of intercompany transactions. You can choose to use system generated or manual batch numbering, and you can specify a minimum threshold amount for intercompany transactions to prevent immaterial transactions. To use the minimum transaction amount option, you must also select an Intercompany currency option.
Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies: This option helps you manage the currency risk and the conversion rate fluctuations for intercompany transactions. You can choose to standardize transaction processing by selecting an Intercompany currency, which means that all intercompany transactions created in the Intercompany module are entered in this currency. Alternatively, you can choose to allow intercompany transactions in local currencies, which means that intercompany transactions can be entered in the ledger currency of the sender or the receiver.
Whether to allow receivers to reject intercompany transactions: This option helps you handle the approval and dispute resolution process for intercompany transactions. You can choose to allow receivers to reject intercompany transactions if they disagree with the sender's information, such as the amount, the account, or the date. If you enable this option, you must also specify the rejection reason and the notification details for the sender.
:
Intercompany System Options
Implementing Enterprise Structures and General Ledger
Implement General Ledger
NEW QUESTION # 84
You are planning to use the Related Value Sets feature with your Chart of Accounts to create a dependency between the Company and Cost Center segments. For example, when using Company 101, the list of displayed cost centers should be in the range 100 to 199. When setting up your value sets, which validation type should you choose for the Cost Center segment?
Answer: B
Explanation:
Related Value Sets in Oracle Fusion Cloud are used to create a relationship between two value sets so that the valid values of one segment are restricted based on the value selected in a preceding segment.
The important correction here is that the value sets used in related value set configuration must be Independent value sets, not Dependent value sets. A Dependent validation type is a different value-set mechanism and is not the correct setup for Related Value Sets in the Chart of Accounts. Oracle documentation explains that related value sets define dependencies where the values shown for a succeeding segment are filtered by the selected predecessor value, and both value sets must be independent.
NEW QUESTION # 85
Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
(Choose two.)
Answer: A,E
Explanation:
The two options that allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis are Reports and Analytics and Enterprise Performance Management Workspace. Reports and Analytics is a tool that allows users to access, create, edit, and share reports and analyses using data from various sources, including Oracle Transactional Business Intelligence. Users can access Reports and Analytics from various pages in Oracle Fusion Applications or from Oracle Fusion Cloud Service Console. Enterprise Performance Management Workspace is a tool that allows users to access, create, edit, and share reports and analyses using data from various sources, including Oracle Transactional Business Intelligence. Users can access Enterprise Performance Management Workspace from Oracle Fusion Cloud Service Console or from a web browser. Universal Content Management Workspace is not an option that allows access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis, as this is a tool that allows users to manage documents and other digital content in Oracle Fusion Applications. Business Process Management Workspace is not an option that allows access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis, as this is a tool that allows users to monitor and manage business processes in Oracle Fusion Applications. Scheduled Processes is not an option that allows access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis, as this is a tool that allows users to submit, monitor, and manage scheduled processes in Oracle Fusion Applications. Reference: Oracle FinancialsCloud: General Ledger 2022 Implementation Professional Objectives - Use Oracle Transactional Business Intelligence (OTBI) 12
NEW QUESTION # 86
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